Today our review will be about the product of the German company Happyforex. The developers provide a whole palette of forex EA trading systems, one of which has a name very similar to the name of the games for slot machines in the casino: Happy Gold.
Robot’s developers have a terrible site made in one evening and somewhat reminiscent of the HTML sites of the late 90s. It’s noticeable that the seller saved on a good designer, and this suggests what’ll happen when the sellers have an issue about updating the robot: they’ll also save or spend money on developing a needed update. This doesn’t look solid, given the number of products that they present to their potential customers.
The forex robot has been selling in two packages: €299 and €499 with 30% OFF + the bonus (Happy Indicators for free).
The most important info about performing the robot is: “Happy Gold uses scalp/swing strategy with modified ZigZag indicator, that best works on XAU/USD in M30/H1/H4 chart. Modified ZigZag indicator tracks and connects extreme points of the chart, the distance between these points being equal or higher than the percentage specified for the price scale. We used 99.90% optimization in MetaTrader… Max open trades are one. Uses hard stop loss (-24 pips) and dynamic take profit levels based on market sentiment. We recommend a maximum of 20 pips spread, very low slippage (ECN/Market maker),” they said.
The packages include the next services: 2/5 real accounts, 24/7 support, user guides, free lifetime updates, and the most important 30 Days Money-Back Guarantee.
As well, developers introduce the patch notes for every update they have performed. So, the robot has got 1.8 (MT4) and 2.0 (MT5) versions for now. Minimal deposit is quite low. An account should be funded on at least $100. You probably should ask $100 or $1000. Usually, it’s a $1000 deposit.
Happy Gold: To Trust or Not to Trust?
We aren’t sure. There was no great presentation but was a 30-days money-back guarantee. We’d like you to take a look at the performing of the robot.
Low trade results
An account on FXSTAT shows the next. It’s the real account with the mid results. The total score is 54%.
I has been funded at $1000 over a year ago. The robot can’t perform smooth and shows 22% of drawdowns. After growing to 200% of gain the robot slowly wastes funds and now it’s on the point of about 70% of the gain.
The last results look like one big disaster.
From 14 months of running, Happy Gold managed to finished with the losses 5 months + present November 2019 in on its way.
During the year there were performed 249 trades. The risk level has been set at 7.93%.
Another real account has got almost the same results.
The monthly results were a little bit better than in the first one.
The last account from the presentation is a demo one which runs with IC Markets and on MetaTrader4.
During two years the robot managed to grow funds from $200 to $656, showing 4.51% monthly gain.
The results of the 2019 year performing are wise worse than from previous years.
Mid-level Drawdowns
Drawdowns are quite high (15%+).
Enough level of Transparency
Every data that we need to make a decision is open for looking through.
Conclusion: To Trust or Not to Trust?
Happy Gold trades just only one pair of currency. Its results vary so much depends on its customization. Taking into account this we wouldn’t suggest even to try it for beginners. The robot’s price is quite high as for the result it shows. You should ask the developers about setting from the account which performs well.